Mission Management Systems Market worth 27.50 Billion USD by 2022

The report "Mission Management Systems Market by Application (Defense, Commercial), End-User (Air Based, Naval Based, Land Based and Unmanned Systems Based) and Region (North America, Europe, Asia-Pacific, Rest of the World) - Global Forecast to 2022", is projected to grow from USD 13.97 Billion in 2016 to USD 27.50 Billion by 2022 at a CAGR of 11.95% from 2016 to 2022. Need for surveillance, border patrolling & security, search & rescue, combat management system, and sensor and weapon management, have been key parameters for the development of mission management systems

Based on application, the defense segment is projected to lead the mission management systems market during the forecast period

Based on application, the defense segment is projected the mission management systems market. The defense forces are investing heavily on new technologies to modernize their forces and determine the best technology that offers exceptional performance in the long run with lesser development cost.

Based on end user, the air segment is estimated to grow at the highest CAGR during the forecast period

On the basis of end user, the air system segment of the mission management systems market is anticipated to grow at the highest CAGR during the forecast period. The use of network centric warfare for air-based end users is one of the important factors that drives this market since active radar sensor tracking objects moving in air can provide accurate ranging measurements.

North America is estimated to be the largest market for mission management systems

North America led the mission management systems market in 2016. Countries in this region include the U.S. and Canada. Significant investments in research and development in mission management systems for the army and special operations, and increasing demand of unmanned systems, and sensors are some of the factors expected to boost the growth of the mission management systems market in this region. The U.S. is expected to contribute majorly to the growth of the mission management systems market in North America. The growth can be attributed to the ongoing technological advancements in the country.

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.